Naspers Ltd. (OTCMKTS:NPSNY) Sees Large Growth in Short Interest

Naspers Ltd. (OTCMKTS:NPSNY) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 338,623 shares, an increase of 25.2% from the December 15th total of 270,440 shares. Based on an average daily volume of 181,336 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 181,336 shares, the days-to-cover ratio is presently 1.9 days.

Naspers Stock Performance

NPSNY opened at $13.30 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.66 and a current ratio of 3.72. The firm’s 50-day moving average price is $13.36 and its 200-day moving average price is $39.44. Naspers has a 52-week low of $7.83 and a 52-week high of $15.15.

Wall Street Analysts Forecast Growth

NPSNY has been the subject of several analyst reports. Barclays reissued an “overweight” rating on shares of Naspers in a research report on Monday, December 8th. Zacks Research cut shares of Naspers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Naspers currently has a consensus rating of “Moderate Buy”.

Naspers Company Profile

Naspers is a South African multinational holding company headquartered in Cape Town with principal interests in internet, technology and media businesses. Founded in 1915 as a publisher, the company evolved from traditional newspaper and magazine publishing into a diversified media group with pay-television and publishing operations in South Africa and other markets. Over time Naspers shifted strategy toward technology investments and online platforms, building a global portfolio focused on marketplaces, payments, classifieds and food delivery services.

A defining moment in the company’s modern history was its early investment in China’s Tencent, which helped reshape Naspers into a significant global investor in internet companies.